An Introduction to Modern Welfare Economics by Per-Olov Johansson

An Introduction to Modern Welfare Economics by Per-Olov Johansson

This is the first book in welfare economics to be primarily intended for undergraduates and non-specialists. Concepts such as Pareto optimality in a market economy, the compensation criterion, and the social welfare function are explored in detail. Market failures are analysed by using different ways of measuring welfare changes. The book also examines public choice, and the issues of provision of public goods, median voter equilibrium, government failures, efficient and optimal taxation, and intergenerational equity. The three final chapters are devoted to applied welfare economics: methods for revealing people's preferences, cost-benefit analysis, and project evaluation in a risky world. The book is intended for introductory and intermediate courses in welfare economics, microeconomics, and public economics. It will also be suitable for courses in health economics, environmental economics, and cost-benefit analysis, as well as those undertaking project evaluations in government agencies and private firms.

'An undergraduate student … would find this a very useful reference …' The Economic Journal

Johansson, Per-Olov: - Per-Olov Johansson is Emeritus Professor in the Department of Economics at Stockholm School of Economics. He has published four books with Cambridge University Press: The Economic Theory and Measurement of Environmental Benefits (1987), Introduction to Modern Welfare Economics (1991), Cost-Benefit Analysis of Environmental Change (1993), and Evaluating Health Risks: An Economic Approach (1995).

SKU	Unavailable
ISBN 13	9780521356954
ISBN 10	0521356954
Title	An Introduction to Modern Welfare Economics
Author	Per-Olov Johansson
Condition	Unavailable
Binding Type	Paperback
Publisher	Cambridge University Press
Year published	1991-08-22
Number of pages	192
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.